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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 12, 1962
Page
18
Official Tuesday receipts forecast include cattle 5 000, hogs 7 000, and sheep 1 500. Hog prices fell 25 to 50 cents. steers rose 25 to 50 cents. lambs steady. Des Moines reports barrows and gilts steady to 25 cents lower with sows mostly steady. Cattle and calf bids show varied cuts and weights with multiple price bands across hogs and cattle.
Livestock lot numbers show weights around 1805 to 360 pounds with prices ranging from 14.59 to 14.90 per hundredweight. Buyers note entries for sows and boars with figures like 14.90 for 360 pounds and 14.65 for 400 pounds.
Cattle receipts total 11 000 with 000 slaughter cattle and 3 000 calves. Steers and heifers steady to higher with choice heifers around 26.50 and prime loads near 27.26. Cheviot calves and other fat cattle priced to attract buyers amid varied demand.
UPI reports cattle sales totaling about 16 500 with 14 000 slaughter cattle. Calves steers and heifers vary from prime to good and choice with prices around 25 to 28 dollars per cwt, including high and low choice lots and mixed lots.
Cedar Rapids hog market prices were steady to a quarter lower with Saturday bids for 200 to 230 lb butchers at 16.00 to 16.90, few at 17.10, and 1s and 2s 200 to 230 lbs at 16.50 to 16.90. Sow prices for 300 lb and under ranged 14.50 to 15.50, with lighter weight cuts 10 to 75 cents per 10 lb steps varying by weight. eggs and wool grain figures included as market notes.
New York stocks traded unevenly in a slow semi holiday session highlighted by mixed quotes across blue chips and smaller issues. The Dow Jones averages showed price shifts as traders navigated thin trading, with several major components posting gains while others moved lower amid cautious activity.
Richardson Dilworth 63 resigns as Philadelphia mayor and announces his candidacy for the Democratic nomination for governor of Pennsylvania.
The Chicago grain market opened with light trading and mostly steady to softer prices. Corn led the activity with bids around 1.00 to 1.09, while soybeans saw limited export business and oats and barley traded lightly with unclear bids.
Sam Shulsky explains that a radio “check of the month” is a mutual fund selling scheme or a monthly purchase plan with withdrawal options. He notes risks of depletion if withdrawals exceed returns and contrasts with dividend stocks that yield monthly checks.
AP dispatch from Chicago reports butter and wholesale produce prices with limited changes in the market. Irregular wholesale prices stand about four cents lower, while average prices for mixed vegetables and carrots show minor shifts. shipments and track sales details appear but are fragmented.
New York exchanges and markets for butter and eel remained closed Monday in observance of Lincoln's birthday anniversary. Markets paused trading as city officials recognized the holiday.
The Cedar Rapids Chamber Music Society forms an informal playing session at 1834 Bever Avenue SE hosted by John Duckwall at 7:30 Tuesday. The group aims to encourage local musicians, plan public concerts in May, and welcomes members. contact James Welch or other listings for details.
U-2 pilot Francis Gary Powers, free after 21 months in a Soviet prison, faces CIA questioning about the May 1, 1960 crash and what he told the Russians. CIA to form a board of inquiry. James Donovan and Frederic Pryor arrived home, with Makinen potentially spared as talks continue.
Eighteen carabinieri faced trial in La Spezia for standing at attention during their free time in a Genoa square last December. They protested a regulation requiring maintaining uniformity while off duty. The case highlights discipline within the Italian national police.
The West Side Mutual Insurance Association adopts amendments at its January 1962 annual meeting. Article 1 expands principal place of business to Linn County Iowa and limits territory to Linn County and adjacent counties. Article V changes annual meeting to Kon Iowa on the second Thursday in March at 10 AM. Article VI shifts corporate powers to a board of nine directors with three year terms. Mention of secretary and nomination rules appears, with Donald Young named president and secretary as part of the executive committee.
Local notices list Embassy club smorgasbord every Wednesday and noon programs at Canopus Club and Embassy club. Other items include rug cleaning ad, Saddle Club meeting, European fashion cuts, a foreign student speaker at Jesse James restaurant, landlord tenant meeting, Gazette rental classified, Cedar Rapids coin club program, Greater Downtown Cedar Rapids Assn meeting, National Beauty Salon week promotion, Chamber of Commerce board meeting, purse theft report, funeral attendance, open bowling at Magnificent Tropic Lanes, Natural Science club talk on horticulture, and Kiwanis club talk on foreign trade bill effects for Cedar Rapids.
Dr Paul V Maney former president of Paul Maney Laboratories Cedar Rapids pharmaceutical maker has been appointed professor and will direct the industrial pharmacy graduate program at the St Louis College of Pharmacy starting March 1 He earned a BS in pharmacy MS and PhD from the University of Iowa and did post doctoral work there He and Arthur Barlow founded the Cedar Rapids company in 1944 which merged with Michigan Chemical Corp in 1960.
Air Force recruiters reported three enlisted and one officer training prospect. Charles P. Barrett Jr. 22 of 420 Thirty-eighth St NE heads to Lackland AFB Texas for 12 weeks officer indoctrination to become a second lieutenant after University of Iowa engineering studies. Others sent to Lackland for basic training include Kenneth R. Echerd 19 and James P. Fogarty 23 for electronics training. Navy enlistments include David L. Fisher 19 of Belle Plaine and Carroll K. Shapcott 18 of Malvern under a new three-year plan. Re-enlistment rules were updated allowing honorably discharged Navy veterans to rejoin regardless of pay grade. Leave statuses feature Pfc. Gilbert L. Bell from Fort Leonard Wood and Airman 3/c Terry L. Amspoker from Offutt AFB for short furloughs, plus Seaman Apprentice Jack M. Evans Jr. enroute from San Diego to interior communications school and Hospital Apprentice Keith Alman enroute to Balboa hospital corpsman school. A memorial notice follows for Mrs. Krug of Manning, Iowa, noting her service in St. Stephen's church and Ladies Aid Society with burial at St. Stephen's Cemetery.
Julia E. Krug of Atkins dies in a Cedar Rapids hospital after a lengthy illness. Born April 5, 1895 in Belle Plaine, she married Fred W. Krug on February 12, 1914 in Cedar Rapids. Surviving are her husband, daughter Dorothy Bayer of Victor, sons Elmer H. Krug of Atkins and Albert M. Krug of Newhall, and sisters Mrs. William Simmer.
Metropolitan Life Insurance Company files a foreclosure petition in Linn County Iowa District Court against Louis E Reno and Helen J Reno for 11990.6 plus interest on a promissory note of 1200 dated February 12 1959. The case seeks sale of the Cedar Rapids Hills unit mortgage property and a court receiver for rents and possession. Attorneys YAROWSKY Cedar Rapids 415 Granby Building represent the plaintiff.
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